The questions surrounding the issue of the crypto currency, its collapse and the land purchased by Moshe Hogeg
In light of the huge deal, which is one of the first real estate transactions in Israel in which virtual currency proceeds are paid in such a significant amount, the Tax Authority must deal with two main legal issues:
The first - according to which stock exchange or index do you give a value to Bitcoin coins?
Second, if the payment of the Bitcoin coins will be paid only at a future date, will the value of the currencies be examined on the date of the transaction or on the date of payment?
Adv. Racheli Guz-Lavi, a partner in the firm's tax department, answers these questions in this Globes article.
For the article, click here.